As we study price floors in class, there is no better example of this topic than the minimum wage. While all economists agree that minimum wage is a price floor, they differ in their opinion on the merits of the wage. I have a feeling that many of you will as well...
Before posting on the blog, you are to read the following editorial from the Atlanta Journal-Constitution that features a debate between a proponent and opponent of a minimum wage increase.
Does raising the minimum wage help the economy?
Part ONE--due Wednesday
After reading the article, students should write a BRIEF response (using info from the article) with their own feelings on the minimum wage. Is it poor economic policy, or is it needed to ensure that poorer Americans receive a just wage? I understand that you may fall somewhere in the middle of this debate, but please try to favor one view over the other.
At the end of your response, you MUST write a question that you would like to ask a person who is in favor of the opposite view.
Part Two--due Thursday
Then, in a SEPARATE comment, you will then answer one of the questions that was asked to people with your point of view. (When answering, please state whose question you are responding to).
Due Date (AGAIN): Your Initial Views and Question due Wednesday; Your response to another classmate due Thursday
